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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

His sagacity was verified by the
result. In a few months the firm failed, and the creditors appointed
him to settle their affairs, which he did to their satisfaction.
Being now out of employment, he resolved to commence business on his own
account in Boston. He had made such a favorable impression upon the
merchants of the city that he had no difficulty in obtaining credit. He
rented a store in Cornhill, stocked it with dry goods, and began his
career as a merchant. Four months after this, his father, who was keenly
interested in his son's success, without consulting the latter,
mortgaged his farm for one thousand dollars, and, repairing to Boston,
placed the money in Amos Lawrence's hands. Mr. Lawrence was profoundly
affected by this proof of his father's devotion, but he regretted it
none the less, as he knew that his failure would bring ruin to his
parent as well as to himself. "I told him," said he, forty years later,
"that he did wrong to place himself in a situation to be made unhappy if
I lost the money. He told me he _guessed I wouldn't lose it_, and I gave
him my note." Mr. Lawrence made a prompt use of the money, and paid the
mortgage at the proper time; but he had a narrow escape from loss, as
the bank on which he had bills for the amount of the mortgage failed
almost immediately after he had obtained specie for them.


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